EconomyJoly says Stelco could face penalties and be forced to sell Canadian assets

Canadian Industry Minister Mélanie Joly said Stelco could face penalties and possibly be required to sell its Canadian assets. The Ontario steelmaker said last month that U.S. tariff pressure led it to concentrate production at Lake Erie Works in Haldimand and halt operations at its Hamilton plant. Joly said Canada considers the company’s Investment Canada Act commitments broken.